Tema Etfs LLC Takes $6.61 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Tema Etfs LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 28,699 shares of the business services provider’s stock, valued at approximately $6,605,000. Clean Harbors comprises approximately 2.7% of Tema Etfs LLC’s holdings, making the stock its 4th biggest position.

Other institutional investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP lifted its holdings in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in Clean Harbors in the 4th quarter worth approximately $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

CLH opened at $232.70 on Friday. The stock has a market cap of $12.47 billion, a PE ratio of 31.36 and a beta of 1.19. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock’s 50 day simple moving average is $206.23 and its 200-day simple moving average is $225.32.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLH shares. Truist Financial reduced their target price on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Robert W. Baird lifted their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target of $257.67.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.